01:03:53danielpbarron:it shouldn't be that difficult to demonstrate an offline setup, which is the experience new users should become accustomed with -- especially the kind of people who already think they are hip to crypto

01:06:20danielpbarron:wouldn't have taken longer than the unnecessary detour into explaining some localbitcoin thing, which served only to confuse the audience as to how the WoT functions

01:37:56mircea_popescu:TheNewDeal: Did Al Gore invent the internet? << no but if the darpa derps were satoshi-minded they'd probably have referenced some pacific islanders as their inspiration just ot mess with people.

01:39:38mircea_popescu:danielpbarron: wouldn't have taken longer than the unnecessary detour into explaining some localbitcoin thing, which served only to confuse the audience as to how the WoT functions << you purist you.

01:40:51mircea_popescu:TheNewDeal: News headline tomorrow "Tim Draper lasted a total of 4 months in the bitcoin-sphere, managing to lose approximately 70% of his original investment" << i wouldn't be worried about that, he's served the golden toilet empire, he's coming back.

03:02:59Dimsler:the majority of the five eyes are human rights tramplers

03:03:04mircea_popescu:<Dimsler> i usually proof read wikipedia articles before i post them << well the notion that market makers are a topic on which wikipedia has something to impart here.... okay :)

03:03:12Dimsler:its ingrained in the anglo saxon mentality to trample rights

03:26:46thickasthieves:<+HeySteve> I'm listening to Antifragile audio book atm. heard it mentioned bitcoin is antifragile, could it be said to be antifragile to price action? /// yep, pretty much everything is good for bitcoin

03:26:54ben_vulpes:although i never bought 'em, i just took them to the cafe in powells and read them there

03:45:26The20YearIRCloud:Those wanting to sell below .0075 have been cleared already, and i've made it well known throuh investor communication that we had originally planned on selling more shares at the 2nd round IPO price at some time in the future

03:50:11The20YearIRCloud:my hope was $100k cash + $100k LOC and then set aside the money 50/50 for flips & rental renovations so we'd always have money for a flip, which hasn't been the case since last July

03:54:17The20YearIRCloud:Yield will certanly go down, our equity position overall is pretty great when you factor our average BTC sell price. Big question is when does it correct, how far does the pricing drop? We're still about 20% lower than peaks

05:12:15thickasthieves:"As I am writing this, BitStamp & BTC-e prices (300) are 3% lower than OKCoin (311) and other Chinese exchanges, indicating users outside of China are driving down the prices, and China is following the price drop. Simple as that!"

07:22:39[]bot:Bet placed: 1.05760644 BTC for No on "Bitcoin to drop under $260 before November" http://bitbet.us/bet/1054/ Odds: 31(Y):69(N) by coin, 32(Y):68(N) by weight. Total bet: 3.3742731 BTC. Current weight: 92,528.

12:16:11mircea_popescu:i have that distinct feeling experienced by the commander of a relief unit upon taking over at 8am the utterly battered but holding units of the nightguard regiment, surrouinded by a pile of corpses as high as the battlements

12:16:18mircea_popescu:fucking love the smell of napalm in the morning.

13:16:07mircea_popescu:Duffer1: i would neverrrr let some random asshat at a market scan a card << definitely. i don't understand all the geriatric derps giving away their card in like restaurants and whatnot. it's patent insanity, like a third of restaurant workers are on drugs, it's the junkie central. more so than jail.

13:16:32mircea_popescu:and then you're going to give them the most broken implementation of pgp and let them be provately for fifteen minutes ?

13:28:23punkman:"I cannot understand why this is happening. I made some serious money several times but for the past 6 months or so I have taken huge losses."

13:29:26mircea_popescu:universal advice for all redditard problems : 1. quit reddit never to return ; 2. quit your current bs "job/studies" and get a real job ; 3. quit your current bs" relationship", spend a year celibate then get a real relationship ; 4. stop saying high to your current "friends"

13:29:29Vexual:do you forbes fluffypony? you're the funniest cunt on this hemisphere

13:29:42mircea_popescu:punkman yeah srsly i wonder why this is happening.

13:37:36gribble:JuliaTourianski was last seen in #bitcoin-assets 5 days, 13 hours, 17 minutes, and 3 seconds ago: <JuliaTourianski> that's one of the best reactions I've gotten. at least they're not discussing what i look like.

13:56:51mats_cd03:09:50:12 <+mircea_popescu> then the news reports all over forbes, "financial world epidemic extends to bitcoin : b-a participant in hong kong found stapled to death" >> wtf that is terrifying

15:27:28thickasthieves:i'm not sure why i'd care to discern any of those

15:27:41[]bot:Bet placed: 1 BTC for No on "Bitcoin to drop under $260 before November" http://bitbet.us/bet/1054/ Odds: 25(Y):75(N) by coin, 26(Y):74(N) by weight. Total bet: 4.5742731 BTC. Current weight: 88,477.

15:29:47mircea_popescu:"[?]PWNY_EVEREADY 1 point 8 minutes ago Ahh what a community! A key bitcoin core developer was scamming/ripping off the community he supposedly believes in. Who needs regulation amirite?" i guess we have the new party line, if nothing else.

15:31:00thickasthieves:well reddit is good for one thing, churning fresh bitcoin text

16:30:06punkman:"Global trust is trust towards a particular individual which is seen as the same from all members of the network. Projected trust is established through a pseudonymous partial knowledge web-of-trust, while global trust is established through proof-of-burn and proof-of-timelock mechanisms."

16:33:37punkman:"In OpenBazaar, the participants are inherently pseudonymous. In this setting, we wish to maintain an identity for each node. This identity is strictly distinct from the operator's real-world identity."

16:33:39danielpbarron:i like gribble the way it is so far, but I think I saw discussion in here some time ago about making it decentralized; that's why I figured you might have something interesting to say

16:35:45pete_dushenski:"The new [French cybersecurity] rules include fines of as much as 750,000 euros for companies that fail government security audits, and demand that French businesses reconsider their technology choices to focus on certified -- mostly ‘‘made in France” -- products."

16:36:03thickasthieves:to prevent central party from acting evil or from being acted evil upon

16:39:33brianhoffman:hey i hate to run but i have to. I heard from @dionyziz and he said he will be able to drop in a little later. I will DM you on Twitter @danielpbarron when he’s available and then just drop in say hey to continue the talk if you don’t mind.

16:49:06oda_krell:I suppose the 10min temp voice is one's chance to really shine in here, huh? Song and dance routine maybe? Anyway, don't have anything to really say right now, but I like to lurk from time to time.

16:53:59mircea_popescu:punkman: danielpbarron: we could have 10 gribbles and you could check that counterparty is authed against X of those << i recall discussions about wot bridges in here too. none of it is insurmontable, except, making a p2p wot.

16:54:09mircea_popescu:which is why the multicentral approach seems to me better.

16:54:59mircea_popescu:danielpbarron: links are fine as long as they aren't videos without tits << hm, thinking about it, that's exacly the rule, isn't it ? observant daniel.

16:57:11mircea_popescu:brianhoffman: i know that Dionysis feels the same way so please don?t be turned off by anything we throw out there as we?re not trying to stomp out others who are smarter on this stuff <<< well the s/use/leverage/g thing you got going is a bit weird.

17:00:03mircea_popescu:what if they're live baby rats for a certain brunette chick?

17:00:11pete_dushenski:xanthyos: russell brand's going to have to stroke some furry walls hard enough to tear the shag out if he keeps attaching his name to max keiser's cryptocoin << on fire, this guy.

17:02:23mircea_popescu:Decibel: Has it been weird writing songs without the Hoffman brothers [Eric and Brian, former DEICIDE guitarists]?

17:02:23mircea_popescu:Benton: "It's been the fucking greatest thing in the world. Those two are a couple of idiots, man. I hate Eric and Brian Hoffman more than anything in this world, and I will not rest until I put shit straight with the fans. Up 'til now, everybody thinks I kicked them out of the band, but nobody kicked anybody out. They quit on their own, and I wanna set the record straight in regard to those two fuckin' pricks."

17:06:19mircea_popescu:Benton: "Yeah, they're real nice guys. We're in the process of suing them right now ? for slander and everything else, dude. They're going around telling people I'm addicted to methamphetamine. You know what? Who hasn't experimented with a few things in their life? Big deal. So what if I experimented? They did, too! But, look, I don't even drink anymore, man. I mean, I'll have a Heineken every once in a while, but I

17:06:20mircea_popescu:was drinking a bottle of Jack Daniel's every night before I went onstage and another bottle while I was playing. That starts catching up with you real quick, and I started going blind in my right eye. So after a nice scare at the doctor's office about four years ago, I stopped."

17:16:50thickasthieves:would it be absurd for me to suggest that bitcoin volatility has a base shape, which appears as fractals and distorts according to current trend? sorta like an elliot wave or bubble pattern? something like the shape of the algorithm as averaged by combinining all trade bots and human behavior?

17:17:03mircea_popescu:there's a coupla death metal bass players, brothers, by that name

17:21:59pete_dushenski:Vexual: this ones a newspaper, blogs are for little girls << orly?

17:46:19kakobrekla:http://log.bitcoin-assets.com/?date=06-10-2014#860305 < several problems with that, id fix if there would be a good solution. problem 1: !down would depend on gribbles presence, now it does not since down does not check wot but if a person self upped or not. problem 2: afaik even wot api is cached

17:46:21assbot:Logged on 06-10-2014 03:17:27; ben_vulpes: kakobrekla: can we do something about this rating lag?

17:47:34mircea_popescu:kakobrekla nah dun worry about it. not really a problem.

17:47:38kakobrekla:so even if you unrate/negrate you can not down that person, not cause of cache but cause they self upped

17:47:51kakobrekla:well, someone could run a bnc, self up and yapp for weeks

18:00:14pete_dushenski:"Everything published was very logical. But, consider this, what if you were to create a awesome title? I ain't suggesting your content is not good., however suppose you added something that makes people want more? I mean IRC Yeshiva | Contravex: A blog by Pete Dushenski is a little plain. You could glance at Yahoo's front page and see how they create news titles to grab viewers to open the links. You might add a

18:00:15pete_dushenski:video or a pic or two to get people excited about what you've written. In my opinion, it would make your website a little bit more interesting." << lol these sp4mmers

18:17:32assbot:Logged on 06-10-2014 16:47:26; mircea_popescu: "OpenBazaar is an open source project to create a decentralized network for commerce online?using Bitcoin?that has no fees and cannot be censored."

18:26:48dionyziz:Some of these ideas are detailed in my paper, but keep in mind that my paper is incomplete and just lays out some of our thoughts. We are improving on it and thinking about additional things.

18:26:56brianhoffman:I think I see what you’re saying in regards to reimplementing gpg. This is a valid point.

18:27:05dionyziz:The first issue we have with bitcoin-otc is its Achilles' heel.

18:27:23mircea_popescu:dionyziz i am keeping it in mind, which is why i asked diretly :)

18:27:49dionyziz:In OpenBazaar, our threat model requires no centralization, so we want users to be able to validate trust directly.

18:28:35mircea_popescu:brianhoffman no, it's not. looky here, let's model it. there are 3 items of interest. 1. the shipping of purchased items ; 2. the discussion of trade, ie, merchant and buyer meeting hteir minds ; 3. the payment for purchases. now, these 3 can be sorted in any which way. otc for instance sorts it that 2 is gpg over email or an irc channel, 1 is mail and 3 is the wot.

18:35:51mircea_popescu:dionyziz b ecause you're leaking information through the shipping. think of it in crypto terms, you're using a 8 bit key on an amiga as part of the process.

18:36:14bounce:not all trades involve items shipped, and where they do the users of any system, decentralised or not, basically have to provide their own safety. cut-outs and that sort of thing. it does put a bit of a damper as to what is reasonable to advertise.

18:36:22mircea_popescu:brianhoffman well sure, but it doesn't so much matter if it's a meatspace issue or not. what matters is that it's the controlling issue

18:48:21dignork:dionyziz: Another potential problem: decentralized arbitration will act as random oracle. If arbiters will keep bias towards buyer, sellers will increase prices to compensate. Bias towards sellers will make buyers to seek discount >= bias rate. Assuming sellers will have to maintain their ratings, risk will mainly be on the seller side, this risk will be priced in. Do you have any estimates on the

20:45:31dignork:Naphex: still, as far as I can see they fail to provide any usefull functionality besides what already done in counterparty. Impossibility to spend/destroy assets by dumb wallet is a nice touch, but that's it.

21:03:01mircea_popescu:still the major problem will be that while on average say it's an ideal market, 0% bias, that average has a poisson distribution of maybe 15% each way, so any individual buyer could see a price fuzziness as close to 30% as his luck gets.

21:03:18mircea_popescu:ie, want to sell for 20, sell anywhere between 17 and 23.

21:06:32gribble:Error: You don't have the reply.notice capability. If you think that you should have this capability, be sure that you are identified before trying again. The 'whoami' command can tell you if you're identified.

21:06:55gribble:Sent 7 minutes ago: <sgornick> Re: Qntra.net, I registered @Qntra on Twitter before some griefer /squatter did. Then put a Twitterfeed to push tweets from the RSS feed. When you want the twitter acct, let me know what e-mail to assign it to. It can't be an e-mail already used for any other twitter account.

21:07:57mircea_popescu:TomServo> Holy shit this 'seamonster' "crash analysis podcast" is a train wreck. << but that's what you were there for right ?

21:08:37mircea_popescu:<punkman> also "At least 8 GB of RAM." << that sounds like five ddoses waiting to happen...

21:48:37mircea_popescu:"According to the report, a work for successfully enforcing the schooling has been dynamically pushed forward as the one involving the whole state, all people and the whole society and signal successes have been made in it."

22:41:30thickasthieves:"After Overstock builds its cryptosecurity software—which will likely take several months—Byrne intends to present the system to regulators for approval. But this may be difficult to win, because the SEC and the incumbent banks are so set in their ways."

23:31:51mircea_popescu:speaking of which, "The term "palimony" is not a legal or historical term, but rather a colloquial portmanteau of the words pal and alimony coined by celebrity divorce attorney Marvin Mitchelson in 1977 when his client Michelle Triola Marvin filed an unsuccessful suit against the actor Lee Marvin."